How To Buy Non-Coastal Property In Mexico As A Foreigner (STEP-BY-STEP)

I’ve been spending the last few weeks finalizing all the paperwork and legal stuff to own my very own place in Mexico City, and I thought I’d break down my top tips and 6-step process to buying property in the city as a foreigner if you want to join me! I talk about financing options available to foreigners in Mexico, WHY it’s such a good time to move in the first place, how to find legit brokers and lawyers, and so much more.
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TRUSTED REAL ESTATE CONTACTS IN MEXICO CITY:
Real Estate Agent:
Alejandra Leon
[e-mail]
[phone]
Mortgage Broker:
Juan Carlos Monterde
[e-mail]
[phone]
Notario:
Jose Maldonado
[e-mail]
[phone]
Tax Advisor:
Luis Gerardo Gonzalez
[e-mail]
[phone]
TIMESTAMPS
00:01:33 - Why buy property in Mexico?
How to buy property in Mexico as a foreigner, step-by-step:
00:02:42 - Step 1: Find a place you like!
00:06:04 - Step 2: Negotiate a price
00:06:49 - Step 3: Find a notario and start the paperwork
00:10:21 - Step 4: Sign the contract
00:11:53 - Step 5: Close on the property!
00:13:44 - Step 6: Enscripcion de la propiedad en el registro publico
00:14:14 - Financing options for foreigners
00:15:15 - Real estate prices in Mexico City
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
________
**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan

[@paulc1014]

Been living in CDMX for 3 months now. Supporting local Mexican businesses, street vendors, assimilated into Mexican culture. If you move here, don't shop or eat at American owned businesses! Those greedy corporations already have enough money, support Mexican businesses!

[@DoubleJabSlipRightHand]

People who move to America from other countries should do the Same. Assimilate to the culture here and shop at American owned small businesses.

[@josephemanuelloving4653]

@@DoubleJabSlipRightHand SMALL businesses is the focus 🙏🏼💜

[@Bhq870]

@@DoubleJabSlipRightHand but the dollar is strong. It’s not the same thing

[@wetguavass]

The real Americans are the brown people of Mexico, Nicaragua, Venezuela, Bolivia, etc.

[@babycakes.x]

@@DoubleJabSlipRightHandpeople go to Mexico for cheap living, not the same

[@juancarlosmonterde4628]

Hello Rose. I'm the mortgage broker you mentioned. I think your summary of the entire long process is excellent and very complete. Very precise not only in each step but in costs. I recommend to all those who are interested to come to Mexico to grow their assets in a safe way..🏦💰📶 Thanks

[@nycbankers1427]

Do you have an Instagram where you post listings ?

[@cyberagentstanleydean7366]

Can u send prospective listings of value and interest to my email or share your email so I can send a request for direct listings availabke

[@starboy5177]

Interested in buying peoperty. Please help. Also, how can one grow their assets in Mexico?

[@deanxiao6383]

Hello, I'm interested in purchasing a house. Could we connect to see some listings you have?

[@jolanahoward]

People, this guy JuanCarlos is NOT the Alejandra that she mentions in the video. The REAL Alejandra’s info is in the description.

[@nickfloats]

I met with Alejandra and her team a few weeks back while in CDMX and she is so. freaking. amazing. She set us up with a full day of tours, provided a car + driver to take us around, somehow managed to convince owners of neighboring units to let us walkthrough their space so we could get a sense of what the unit could look like when fully furnished, and generally went above and beyond to answer all of our questions and provide an incredible experience for us. She was awesome. Thanks so much for the reccomendation Rose!

[@cyberagentstanleydean7366]

Hi how can I be in contact with Alejandra or if Rose can provide recommendations

[@nickfloats]

Rose left her info in the description 👍

[@Mexicobeanpole]

I moved to Mexico and bought a house in 2005 after selling my Florida home and got to put only 25% out to buy an equivalent home in Mexico, I’ve since sold the Mexico home for a tidy profit and I’m back in the US taking care of an elderly parent. When I’m able to go back to Mexico, I’ll go back with bells on. I loved it so much. But, I don’t think I’ll buy for the first couple of years. I want to travel Mexico like a free spirit, and learn more about this amazing country. And perfect my Spanish!!

[@patriciavandevelde5469]

9k how much tax did you pay in total on the sale

[@kathleenoneill7414]

Congratulations on your new home purchase in MC! You did a great job researching and presenting the information in this video. You look so happy, I'm very glad for you.

[@vc6036]

Missed your videos Rose. Welcome back! This was very informative. Thanks for sharing. Can't wait to see your purchased property.

[@JourneywithMrsMilan]

I loveeeee how thoroughly and detailed you were per usual rose! Thank you 💕

[@sylviageorge2287]

Rose, you look amazing 🥰I am so happy for you. Thank you for making this video - it surely got me thinking outside the box. I really appreciate your content and look forward to seeing more of it. Much love 🤗

[@kreaturae]

Great info! Here in Playa del Carmen and the Riviera Maya where I work as a buyers agent, every other person you meet is a “real estate agent”, it’s all fun and games until they need to do the actual work; in the state of Quintana Roo you are supposed to have a government issued real estate LICENSE, only around 350 agents are actually licensed in the state, 1 out of every 10 advertising out there! So you are at a 90% chance you’ll get a NON LICENSED real estate agent…

[@BellaMecia]

Man so much gems and information shared in this video, thank you, thank you, thank youuu!! You make me feel like I can do anything Rose. In the words of Kanye, wait till I get my money right!

[@Gaboch8719]

Excellent video, Rose! Thanks for sharing it! A quick question: Have you already dealt with insurance and medical care? Not sure if you have a previous video about it. Thanks!

[@curiouswords]

Great video, Rose. The very best with your new home! Looking forward to the home tour!

[@paulinasolis-loza8560]

I had been waiting for this video!!!

[@laornyc]

Great content Rose. I love the diversity your point of view is specific and relatable.

[@agilachristian]

Rose 🌹 I Love e/single one of ur videos, they are all VERY informative and educational. Your Spanish accent is hilarious 😂 but I commend you for learning it and using Spanglish to explain the terms. I can’t wait for the tour video once you buy the place. Please do a before and after video of the property as I know you will upgrade and decorate. 🤗 🤗

[@adventurepantsmcgee]

"Because she was f**king stupid, quite frankly." Tell us how you really feel. But really, thank you for your honesty. It helps every single person who watches your videos. This was fantastically thorough. I appreciate it.

[@TimothyCatan]

"Looking beyond your own country is one way to do this." Amen! I've been in the Philippines for the past seven years (minus one year due to pandemic complications). It has its pros and cons but when it comea to financial factors there are quite a few upsides. Great video, Rose!

[@user-fy9em6kr6i]

I like everything you told us in this video. I guess you might be missing out all the migration related topics. The top priority of home sellers and brokers is to sell you properties… but the Migracion status is something you have to consider. Hope you enjoy Mexico.

[@tonynunez6539]

Very good and informative video. Great pace and attitude. Fun to watch.

[@hyunmoney]

LMAO that F bomb! 😂 I love how genuine Rose is!

[@plaidman67]

You're incredible, Rose! Love your videos!

[@joshking8264]

Great! I love people talking from experience, hard to find on social media. Thanks

[@RoyinThailand]

This is very helpful. Thanks, Rose. I am retired and have been living in Thailand these past ten years but my Medicare is useless here so I am considering finding a place in Mexico to do the healthcare run. The US is not a place for retirees. I am not in the same financial place as you and would be happy to rent a place in some town like Ensenada or thereabouts. It seems that renting would be a better use of my money than a full purchase of something.

[@cordelialear1528]

Stay in Philippines

[@markkilpatrick7951]

Congratulations Rose. Do you know if Mexico has any property inspections? Also, I assume you are buying an apartment. Do you know who owns the property the apartment building is on? Some buildings in Hawaii for example are on a reverse lease and after so many years the property owners can take back the property and can decide to have something else built on it. Could that happen in Mexico as well?? Thanks

[@raymondcunanan1135]

I never clicked so fast after reading an email alert from you Rose.

[@itsrosehan]

Very happy to hear that! Glad it was timely for you :)

[@letsdothis9728]

Loving the video Rose!! You look amazing by the way!

[@christineshannon7902]

Hey Rose! Thanks for the great video:)

[@MrRikkiRocket]

Nice video - thanks for the info Rose!

[@amysaysamy]

I just got my temp visa approved - wish I found this vid sooner but glad I found it now. Lots of helpful info! Thanks!!

[@johnnyd614]

Great video. Very informative. Being from Southern Ca, I often think of purchasing a vacation home in Mexico. Thanks for sharing 🙏. Oh, and can Jupiter make an appearance in every video? Super cool 😎 dog.

[@enjay9521]

Another excellent video! I hope that this works out for you, Rose! For others who may be thinking of doing this, keep in mind that this can be risky. Invest what you can afford to lose. Case in point...I worked in an Asian country for several years. Bought a condo. Lived the good life. Blah, blah, blah. Then, the political landscape changed, sharply. A new political party came into government and really stuck it to expats with new laws, taxes, regulations, etc. I wound up leaving the country and selling the condo for a 60 percent loss. Ouch, ouch, ouch! After that, I invest mostly in US stocks and real estate.

[@la381]

Thank you so much for sharing your experience! Which Asian country was that in?

[@chosen1520]

at least mention the country so people can be cautious if they plan to buy in that country

[@1231denyz]

In México property always go up.

[@natusfreedom472]

This happens a lot in 3 rd world countries.. u can’t even trust your own family , plus ..you don’t have the protection of laws like in the u.s , a lot of corrupt people . I would just stick to the u.s or Canada 🇨🇦

[@enjay9521]

I tried to post a reply earlier, but KZbin wouldn't let me....hmmm. Sorry, I'm not gonna mention the name of the country I lived in before, because I don't want to offend people from there or to make them feel targeted. That's not the point. Plus, I returned to the US in 2005 to start over, so situations can change over the years. But here's the bottom line. Before you buy property anywhere, do your own "due diligence." This is especially important when buying property in a foreign country. Good climate, good restaurants, good shopping, good night life? Great! Those things are important. But what about the local politics, crime rate, economy, and property laws? Is there a huge wealth gap between rich and poor? Are neighboring countries peaceful, or are they threatening to invade? Etc. You really need to read up about these kinds of issues. A good, current Google search can reveal a lot. As you read the news, do you spot any trends, any red flags? After all, it's your money. You worked hard for it. Invest wisely. Peace.

[@jorgevelasquez9955]

Que Bueno Rose! Ojala todos tus planes te vanan bien!

[@lesliewilliams]

Great information. I love this video. Thanks!!

[@je9759]

Great video!!! omg thank you for all the information!

[@Arbee1000]

Hi Rose, just wondering if you have a vehicle in Mexico City? Is the public transportation decent/safe for getting around without one?

[@kristinaschlegel2680]

Incredibly valuable! Thank you Rose! Mil gracias.

[@rodneyhigginson323]

Great video, very informative. Hope you do a video on furniture buying as well. Thanks, take care.

[@gw7615]

Thank you for making this video. Are the apartments free hold or lease hold in Mexico?

[@justsomethingtothinkabout8515]

Very informative video. Thanks for sharing your experiences.

[@venuskirby8243]

Good luck Rose!

[@TheDrewflow1]

Good luck. Thanks for the inspiration and daring to not follow the crowd here in the US and spend your whole nest egg on a house. The prices have gotten bad here. I make pretty good money and I’m still flinching at these prices.

[@joecolon8197]

Very informative and thorough, thank you.

[@RespectfullyCurious]

I think wherever people go, people should be respectful of the community and culture. I am glad you are. There some areas of the world where people have flocked to and drove prices up to where locals were priced out. I'm Mexican [first-gen American] and even people gave me a look when I told them I wanted to spend a month or so in CDMX over the summer lol. My family wants me to buy land in Mexico, and am looking into getting my Mexican citizenship as it would make it easier to buy property. At least, that's what I was told.

[@wetguavass]

The real Americans are the brown people of Mexico, Nicaragua, Venezuela, Bolivia, etc.

[@jameelascanlan894]

Great video, this would be a great investment. I’m definitely going to look into it.

[@pamhop5831]

WoW Rose! This is so awesome!❤️✝️🤩

[@poormanspenthouse]

Great video! Also congratulations to you!!!!!!!!

[@Blestmama7]

Rose your looking so tanned! Beautiful as always! Thanks for sharing this video!

[@urio7146]

Rose, you are officially a Chilanga now 🤙🏻 🇲🇽

[@dennisdouglas4261]

Thank you for the step by step process.

[@tulbanemoore8405]

This is so useful. Thanks for sharing.

[@buffalo241]

Really good information. Thank you

[@LuisVargas-xo4vb]

Awesome content. I looked at La Haus. But it doesn't show anything in Veracruz. Any suggestions?

[@MrAesir1]

I think a lot of folks missed the end of the video where you mentioned taking care of the community around you. 100% agree. Ultimately a rising tide floats all ships. Enjoy the new place. Or should we call it Jupiter's new palace. ;-)

[@carlosmoya8506]

Wow Rose good job !

[@Mexican01o101]

Welcome to Mexico.. be kind to the people, respect our culture and you should be fine ☺️

[@davidlucasmachado2831]

Same when someone comes to USA

[@jamesvanderbilt201]

does all of this require you to be in mexico in person, or can some of these steps or all be done over the phone?

[@user-hq6py7gc2p]

It helps a lot, thx for your video

[@Inabeauty]

thank you so much for this video!!! :D

[@JaybloEscobarGaming]

Rose, your tan is settling in 🥰😍

[@Californiansurfer]

Yes, your being honest. My Father and mother retired in Mexco, they built there house and lived for 10 years. It was beautiful. Yes, i plan to return to mexco , its just getting expensive in california…

[@jerryfan6071]

Lmfaooooo caught me off guard with the "cause she was f stupid" 😭😭

[@itsrosehan]

Well... she was 🤣

[@jerryfan6071]

@@itsrosehan it’s just funny cause you partied with her and said this haha

[@craigb4449]

Love your channel! I want to buy rental property in Mexico as well until I move down in the next few years.

[@Brendan2Alexander]

Traveling around is great in life. But setting down really good too. Glad u found a great pad in Mexico City. And hey you can always bop out of town for getaway trips. My wife and I bought in Roma Norte. Our fav getaway spot is Todos Santos in Baja Sur. We bought land there through the Ejido. Ooo boy a little tricky, but tremendous deals out there buying from Ejidos.

[@kreaturae]

Great info regarding closing costs; I like to point out that although closing costs are high compared to other countries, your property taxes are nothing compared, so you kinda offset that; in a way the government is getting their taxes off the bat upon closing vs throughout the years…

[@Dan-gv1mx]

This was a really cool video, thank you so much for posting it!!! I’m excited to see more videos about your experiences and cost budgets while you live in Mexico, congrats on the home!

[@renerosalez4915]

Another good advice Rose ! I'm thinking of moving to Barrio Escobar in Medellin. They said its cheaper and peaceful.

[@herodotosofhalicarnassus1002]

Living in a van down by the river used to be a punchline. Now it's an aspiration.

[@lucasomalley]

I've been thinking about CDMX as a permanent place, but the Godzilla style earthquakes have made me think twice.

[@proud_atheist5759]

Looking to finalize a deal in India. Have two bedroom apartments available for 55 to 65 thousand Canadian dollars.

[@christopherflores4916]

Hi! I need some help, so I'm trying to buy a house in México, I already choose a house, I already made a deal, but when I went to the notary they said I need a permission from external relationships, so I went there and they don't know what permission I need, so I need to kwon what kind of permission is that one so I can buy properties as a foreigner person, please

[@hooberdoober576]

I don't have enough years left to "invest". What do you have for old timers wanting to clean up by the end of next week?

[@seizethedayandlive]

So cool; very happy for you.

[@theBSisreal]

Great video, I have been thinking about living abroad for some time now.

[@tlazohtla]

Hi! Could you please educate people on buying property responsibly? It really does affect and displace local communities abroad.

[@javierdiaz4763]

That's a problem of government, go to Philippines and try buying a house see how that turns out for you.

[@ivannamartinez259]

@@javierdiaz4763 we know the govermnent is not going to solve all of our issues. It's important people become aware of how video's like this are affecting the local economy. Gentrification will always be an issue, this is displacement. This is US salaries competing with Mexican salaries. Though it may be legal, this video is tone deaf.

[@felonstomillionaires]

Love the brutal honesty! That’s what I’m talking about. Haha. Made my night with that

[@Debraclark900]

Where did you choose to buy in Mexico. Also what was the cost of the property

[@sagarmeena0210]

You explained it really well.

[@tiffanyjoyxP]

ROSE! I'm not sure if you noticed but you're GLOWING ! Is it a tan? Looking greatt

[@sugarcoder]

Wow Rose...did you get a nice tan? And congrats on figuring out where you want to settle down and live! :D

[@m.x.0987]

The tan looks great on you!

[@josefinacoronado5307]

can you make a video of condominiums prepay sale, because someone asked 50% of the price and did not even start building the house

[@frankellis9627]

I'm glad to see you're doing this Rose. I'm also planning on doing the same but in South America 😎

[@jitendrashah2272]

Please let us know about which neighborhood you bought your apartment and for how much and how big it is. Thanks

[@travisre4829]

Super solid video

[@thomas6502]

Thank you Rose!

[@christopherhouse7937]

I hear Mexico City is amazing place to live! Great video. 👍🏻😃

[@MrNasetobaseto]

How did you transfer the money for the purchase from US to Mexico? My bank in the US is giving me the worst exchange rate to wire the money; I'll be losing over 10% just in the currency conversation...

[@johnnygarcia379]

Open a bank account called Wise. They don’t charger a lot when converting to another currency. Many businesses use this when they receive or pay people from another country

[@1231denyz]

Same here

[@liverpoolrichie5305]

Thank you Rose! I've been thinking about purchasing real estate in Mexico and this video helped a lot!!! I really enjoy your channel and look forward to your videos!! Cheers!!

[@HughJass-jv2lt]

What about your *Residency Status?* What type of Visa are you using? ☀️☀️

[@josefinacoronado5307]

hi is this only for cash?

[@ChiLseason]

Good job 👌👍 and thanks😊

[@digital1937]

Does Rose still have her camper van?

[@bulbasaurusrex6783]

Can you make a video on how you saved for a full cash payment / best tips for saving up for property?

[@gladlock]

Personally, I think normal people who don’t come from money have to prioritize saving over everything else. This includes not having kids. I have strict budgets for discretionary things like beauty, eating out, and travel. You have to clear around $20k per year after maximizing your retirement match from your employer. I had bought a house in the US that appreciated in value, so that profit along with my savings of 10 yrs is how I got my condo in Tulum

[@bobadillaj9]

Thank you for this information, this was helpful. As a dual citizen, I have been meaning to buy property in CDMX, but have not known how to go about. The only question I have is what would the Tax Advisor contact information help in the buying process?

[@edwolfwood4714]

rents and house prices are getting higher thanks to you guys, now is harder for us that dont earn in dollars to live

[@MyLatinLife]

Good intel!

[@FIRE_DrNinjaTurtle]

I love your channel and it great to see you back.

[@PsychicZya]

Hi Rose you'd mentioned there was a Fintech company that you were going to list but I don't see it above? Can you drop it here please?

[@DanielRamos-uf3ui]

I also feel a great enthusiasm for Mexico. 🇧🇷

[@europeanliving6077]

Buy in the country you live in, Well said Rose, support local businesses. Congratulations! on your new home.